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Stock Market & Financial Investment News

News Breaks
May 2, 2013
15:50 EDTRIGIcahn sends letter to Transocean shareholders, urges special dividend
Carl Icahn sent a letter to Transocean shareholders continuing to advocate for a $4.00 per share special dividend. In his letter, Ichan says, "Transocean has at last acknowledged the magnitude of the cost cutting opportunity at the company: in the initial phase, at least $300M of annualized savings. However, the more important issue at this point how will the $300M in annualized savings impact shareholders? If additional capital is tied up in long dated low return capital projects, we do not believe shareholders will ever see the benefit. We continue to believe that even without the $300M annualized savings, a $4.00 dividend is entirely feasible, but obviously this $300M makes it even more so."
News For RIG From The Last 14 Days
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September 25, 2014
11:35 EDTRIGStocks with call strike movement; FB RIG
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September 24, 2014
16:01 EDTRIGOptions Update; September 24, 2014
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September 22, 2014
16:37 EDTRIGTransocean receives $115M in new contracts since August 21 fleet update
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September 21, 2014
12:48 EDTRIGTransocean to host special shareholder meeting
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